The industry has recorded de-growth for the 10th consecutive month. Weak consumer sentiments are reflected in this demand de growth and we have also been impacted," Tata Motors, President (PV) Mayank Pareek said
The company's passenger vehicle sales in the domestic market declined by 26 per cent to 12,694 units last month as compared with 17,235 units in April 2018
Exports in April stood at 1,301 units as compared to 834 units in the year-ago month, a jump of 55.99 per cent
The company had clocked total sales of 48,097 units in the same month last year, M&M said in a statement
The Nikkei India Manufacturing Purchasing Managers' Index declined from 52.6 in March to 51.8 in April, reflecting weakest improvement in business conditions since August 2018.
The government has been pointing to the enlarged tax base as a benefit of the controversial demonetisation move it undertook in 2016, which had a debilitating impact on the economy
MSI's sales of mini cars comprising Alto declined by 39.8 per cent during the month at 22,766 units as compared with 37,794 units in April last year
Exports during the month under review surged 140 per cent to 3,742 units as compared to 1,560 units in April 2018
Domestic sales in April 2019 were down by 18.2 per cent at 4,986 units as against 6,094 units in the year-ago period.
The core sectors' fiscal performance was dragged down particularly by Crude Oil, Fertilisers and Natural Gas segments which reported negative or low growth in 18-19